The ratings affirmation recognises Afreximbank’s strong profile and increasing systemic relevance to the African continent June 21, 2024/Afreximbank Fitch Ratings has affirmed the Long-Term Issuer Default Rating (IDR) for African Export-Import Bank (Afreximbank) at ‘BBB’, with a Stable Outlook. The agency also affirmed the Bank’s Short-Term IDR at ‘F2’ and […]

InfraCredit is a specialized Nigerian credit guarantee company that mobilizes long-term capital from institutional investors to support infrastructure projects June 21, 2024/AfDB The African Development Bank and Infrastructure Credit Guarantee Company Limited (InfraCredit) have signed an agreement for a $15 million subordinated loan facility to strengthen InfraCredit’s capital base and […]

Chevron has signed risk service contracts for Block 49 and 50 in Angola’s Lower Congo Basin June 19, 2024/AEC Multinational energy corporation Chevron has signed two Risk Service Contracts (RSC) for Block 49 and Block 50, located in the ultra-deep waters of Angola’s Lower Congo Basin. The company – through […]